Alico closes $2.6M land sale, achieves 97% agricultural utilization

Alico (ALCO) announced the completion of a large grove sale representing approximately 2,950 acres and significant progress in its plans to generate cashflow from its agricultural assets, further advancing its strategic transformation from traditional citrus operations to a diversified land company. The Company closed on the sale of a large citrus grove in Hendry County representing approximately 2,950 acres for $26.8 million in gross proceeds, marking another milestone in its land monetization strategy. Combined with previously announced transactions completed in early fiscal year 2026, including the sale of 579 acres of citrus land for $6.1 million in gross proceeds and the Company’s office and shop facility in Frostproof for $1.7 million in gross proceeds, these transactions demonstrate continued execution of Alico’s strategic repositioning and mark $34.6 million in transactions in fiscal calendar year 2026.